The Figure Given Below Shows the Demand and Cost Curves

question 101

Multiple Choice

The figure given below shows the demand and cost curves of a perfectly competitive firm. Figure: 23.4 D: Demand curve
MC: Marginal cost curve
ATC: Average-total cost curve
AVC: Average-variable-cost curve
Refer to Figure 23.4.The total profit or loss for the firm is:

• A)$500 profit.
• B)$2, 500 profit.
• C)$2, 500 loss.
• D)$650 loss.
• E)$500 loss.

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